NetworkNewsBreaks – Moxian, Inc. (NASDAQ: MOXC)
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Offline-to-online (O2O) integrated social media platform operator Moxian, Inc. (NASDAQ: MOXC) this morning announced that it has signed a memorandum of understanding for a strategic partnership with Shanghai-based Shewn International Group, Inc. As part of the arrangement, the two parties will form joint-ventures or partnerships aimed at allowing the companies to share their collective tangible and intangible assets in pursuit of a common goal of developing new products and technologies while participating in high-growth markets. “China’s retail industry is going through a major transformation where mobile payments, marketing tools and customer data analytics converge into one single platform, and Shewn is a good example of a nationwide merchant capitalizing on the power of such platform to improve its marketing efficiency,” James Tan, chief executive officer of Moxian, stated in the news release. “With the extension of our powerful Moxian+ mobile App platform to Shewn and its distribution network, we look forward to a mutually beneficial relationship between the two parties in years to come.”
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